USPS Accounting Period 4 Financial Result information
According to the U.S. Postal Service’s financial data, accounting period four (AP4) for fiscal 2002 was far from sterling.
Read MoreYear: 2002
Argentina's Sideco/Correo: Finance Difficulties
Sideco Americana S.A.’s creditors have demanded immediate payment on $125 million of 9.125% defaulted bonds due 2002, in a bleak chapter of the Argentine company’s insolvent subsidiary Correo Argentino SA’s long-running dispute with the government.
Read MoreItalian DGE Aims to Become Parcel Player
Italian parcels company Direzione Gruppo Executive (DGE), which is 100 percent controlled by General Logistics Systems (GLS), aims to be among the top three international parcels operators in Italy in two to three years, a senior executive told Reuters on Thursday.
Read MoreRHP joins Pall-ex
PAll-ex has strengthened its national network by welcoming RHP Telford as its newest member. RHP has a fleet of nearly 50 vehicles.
Read MoreExel 2001 contracts bring in more than $400 million
Key business wins included Unilever, Coors Brewing Co., Maytag, Home Depot and Geneva Pharmaceuticals.
Read MoreJapan Post to link with Bank of Japan settlement system
The Posts Ministry and the Bank of Japan have reached a basic agreement to allow a national postal corporation that will be set up in 2003 to participate in the BoJ’s online account settlement system for private financial institutions, the Nihon Keizai Shimbun reported, without citing sources.
Read MoreAN Post forecasts Eur30m loss
An Post has forecast a EUR30 million ((pounds) 23.6 million) loss this year after a EUR7.2 million deficit in 2001.
The State company is understood to attribute the deepening financial crisis to the economic downturn, wage increases and its failure to implement a cost-cutting plan agreed with staff almost two years ago.
C.H. Robinson Acquires Third-Party Transportation Company
15 January 2002. C H Robinson has acquired 100% of Smith Terminal Transportation Services Inc.
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